MAVERON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAVERON
Largest movements
- Tangible fixed assets -€6,528
down €6,528 (-55.8%), from €11,692 to €5,164
of which Furniture and vehicles: -€3,903
- Cash -€6,297
down €6,297 (-66.5%), from €9,476 to €3,178
mainly Net result for the year (-€30,561) and Trade debts (-€2,111)
- Deferred charges and accrued income +€1,259
up €1,259 (+50.5%), from €2,492 to €3,751
- Receivables within one year -€902
down €902 (-71.2%), from €1,268 to €366
of which Other amounts receivable: -€902
- Profit (loss) carried forward -€30,561
down €30,561 (-37.2%), from -€82,222 to -€112,783
- Other debts +€19,574
up €19,574 (+51.8%), from €37,790 to €57,364
- Trade debts -€2,111
down €2,111 (-49.4%), from €4,276 to €2,165
- Tax, wage and social debts +€630
up €630 (+59.6%), from €1,057 to €1,687
- Gross operating margin -€1,795
down €1,795 (-8.7%), from -€20,750 to -€22,545
- Financial income +€424
up €424 (+169,416%), from €0 to €424
- Depreciation -€266
down €266 (-3.9%), from €6,794 to €6,528
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,927 | €12,459 | -€12,468 | -50.0% |
| Fixed assets | 21/28 | €11,692 | €5,164 | -€6,528 | -55.8% |
| Tangible fixed assets | 22/27 | €11,692 | €5,164 | -€6,528 | -55.8% |
| Plant, machinery and equipment | 23 | €4,227 | €2,405 | -€1,821 | -43.1% |
| Furniture and vehicles | 24 | €4,875 | €972 | -€3,903 | -80.1% |
| Other tangible fixed assets | 26 | €2,590 | €1,787 | -€803 | -31.0% |
| Current assets | 29/58 | €13,236 | €7,296 | -€5,940 | -44.9% |
| Amounts receivable within one year | 40/41 | €1,268 | €366 | -€902 | -71.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,268 | €366 | -€902 | -71.2% |
| Cash at bank and in hand | 54/58 | €9,476 | €3,178 | -€6,297 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,492 | €3,751 | +€1,259 | +50.5% |
| Total equity and liabilities | 10/49 | €24,927 | €12,459 | -€12,468 | -50.0% |
| Equity | 10/15 | -€18,195 | -€48,756 | -€30,561 | -168% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,053 | €2,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,053 | €2,053 | = | 0.0% |
| Legal reserve | 130 | €2,053 | €2,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,222 | -€112,783 | -€30,561 | -37.2% |
| Amounts payable | 17/49 | €43,123 | €61,216 | +€18,093 | +42.0% |
| Amounts payable within one year | 42/48 | €43,123 | €61,216 | +€18,093 | +42.0% |
| Trade debts | 44 | €4,276 | €2,165 | -€2,111 | -49.4% |
| Suppliers | 440/4 | €4,276 | €2,165 | -€2,111 | -49.4% |
| Taxes, remuneration and social security | 45 | €1,057 | €1,687 | +€630 | +59.6% |
| Taxes | 450/3 | €1,057 | €1,687 | +€630 | +59.6% |
| Other amounts payable | 47/48 | €37,790 | €57,364 | +€19,574 | +51.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,794 | €6,528 | -€266 | -3.9% |
| Other operating charges | 640/8 | €1,651 | €1,456 | -€196 | -11.8% |
| Gross operating margin | 9900 | -€20,750 | -€22,545 | -€1,795 | -8.7% |
| Operating profit (loss) | 9901 | -€29,196 | -€30,529 | -€1,333 | -4.6% |
| Financial income | 75/76B | €0 | €424 | +€424 | +169,416% |
| Recurring financial income | 75 | €0 | €424 | +€424 | +169,416% |
| Financial charges | 65/66B | €139 | €198 | +€59 | +42.5% |
| Recurring financial charges | 65 | €139 | €198 | +€59 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,335 | -€30,304 | -€969 | -3.3% |
| Income taxes | 67/77 | €308 | €258 | -€50 | -16.4% |
| Profit (loss) for the period | 9904 | -€29,643 | -€30,561 | -€918 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,643 | -€30,561 | -€918 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.